Increasing Penetration of Internet of Things in Agriculture to Improve Overall Farm Yield is Likely to Drive the Global Smart Agriculture Solution Market at 11.5% CAGR during the Forecast Period, Research Nester
“ Smart Agriculture Solution Market: Global Demand Analysis & Opportunity Outlook 2024 ” The global smart agriculture solution market is segmented into component solution and region. Component segment is further sub-segmented into hardware, software & services and others. Likely, hardware segment accounted for major share of overall smart agriculture solution and is expected to witness significant growth during the forecast period. Rise in demand for GPS enabled devices and agricultural drones are also the major factors which are likely to allow hardware segment to continue its dominance over the forecast period. Global Smart Agriculture Solution Market is anticipated to grow at a robust compound annual growth rate (CAGR) of 11.5% during the forecast period. The global smart agriculture solution market stood at revenue of around USD 10.2 Billion in 2016 and is projected to reach at a valuation of USD 38.1 Billion by the end of 2024. Further, growing adoption of smart...